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On May 30, 2026, the Oregon State Legislature passed a new commercial law aimed at boosting small businesses in the state. The bill, titled the Small Business Growth Act, was introduced by Senator Jane Smith and received overwhelming bipartisan support.The Small Business Growth Act aims to provide small businesses with much-needed support and resources to help them thrive in Oregon's competitive economy. One of the key provisions of the new law is the establishment of a Small Business Assistance Fund, which will provide grants to eligible small businesses to help them grow and expand their operations.In addition to the Small Business Assistance Fund, the new law also includes provisions to streamline the process for small businesses to obtain permits and licenses, as well as measures to reduce regulatory burdens on small businesses. This is expected to make it easier for small businesses to navigate the complexities of the state's commercial laws and regulations.Senator Jane Smith, who has long been a champion for small businesses in Oregon, expressed her excitement about the passage of the Small Business Growth Act. She stated, "Small businesses are the lifeblood of our economy, and it is crucial that we provide them with the support they need to succeed. This new law will help level the playing field for small businesses and give them the tools they need to thrive in Oregon."The Small Business Growth Act has been met with widespread praise from business owners and industry groups in Oregon. Many small business owners have expressed their gratitude for the new law, stating that it will provide them with the resources and support they need to grow their businesses and create jobs in their communities.Overall, the passage of the Small Business Growth Act is seen as a positive development for Oregon's small business community. By providing small businesses with the support they need to succeed, the new law is expected to help boost economic growth and create a more vibrant business environment in the state.